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Published 2 years ago

More Americans are relying on credit cards. That could be very costly

Summary by CNN

Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in interest over the course of a year, according to the Consumer Financial Protection Bureau.

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More Americans are relying on credit cards. That could be very costly

Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in interest over the course of a year, according to the Consumer Financial Protection Bureau.

2 years ago·Atlanta, United States

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More Americans are relying on credit cards. That could be very costly

By Matt EganInterest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in interest over the course of a year, according to the Consumer Financial Protection Bureau.The Fed has been aggressively raising interest rates this year in a bid to get inflation under control — and it has signaled that it’s not nearly done. At the same time, as the CFPB notes, some families are relying …

2 years ago·Colorado Springs, United States

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More Americans are relying on credit cards. That could be very costly - Local News 8

By Matt Egan Interest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in interest over the course of a year, according to the Consumer Financial Protection Bureau. The Fed has been aggressively raising interest rates this year in a bid to

2 years ago·Idaho Falls, United States

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More Americans are relying on credit cards. That could be very costly

By Matt EganInterest rates on credit cards are so high these days that consumers with a $5,000 credit card balance could pay an extra $1,000 in interest over the course of a year, according to the Consumer Financial Protection Bureau.The Fed has been aggressively raising interest rates this year in a bid to get inflation under control — and it has signaled that it’s not nearly done. At the same time, as the CFPB notes, some families are relying …

2 years ago·Panama City, United States

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More Americans are relying on credit cards. That could be very costly

More than 175 million Americans have at least one credit card and about half of active accounts carry a balance, according to the CFPB.

2 years ago·Sacramento, United States

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More Americans are relying on credit cards. That could be very costly

More than 175 million Americans have at least one credit card and about half of active accounts carry a balance, according to the CFPB.

2 years ago·Boston, United States

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